This data cloud company has delivered remarkable returns to investors in the past year, and it still has room for more upside.
All eyes were on Nvidia on Aug. 27 in anticipation of the semiconductor giant's latest quarterly report, but it looks like investors were not impressed with the chip designer's results.
Though Nvidia coasted past Wall Street's expectations and delivered a healthy year-over-year increase in both revenue and earnings, concerns about the company's business in China weighed on the stock. As a result, the stock remained almost flat the following day. However, there's another artificial intelligence (AI) company that released its results on the same day, and its stock soared impressively. In fact, this stock has outpaced Nvidia stock significantly in the past ye